The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-09-15
CONDITION OF THE MARKETS
Very Moderate Trading in Wheat at
Prices Showing No Material Changes.
Corn Quiet, the Trading Being Light and the
Fluctuations NarrOw-0afs Quiet and
Steady-PrOvisions Favor Buyers.
MONEY, BONDS AND STOCKS.
An Active Market In New York, but Nearl
Everything Is Lower.

An Active Market In New York, but Nearly
Everything Is Lower.
NEW YORK, Sept 14-Money on call was
,asy, ranging from to per cent, the last
joan being made at 6. an3 closing offered at 6.
Prime mercantile paper, 7a9 per cent
Sterling exchange active and steady at
e.804 for sixty-days, and 1851 al 84a for de-
nand
The total sales of stocks to-day were 3O6 491
shares. including the following: Delaware,
Lackawanna s. Western, 81, ITO; Erie, $50;
Lake Shore. 9,s1O; Louisville g. Nashville. 100;
Missouri Pacific, 1916 Northwestern, 4,75O;
New Jersey Central, 32O0 Northern Pacific pre-
ferred, 1850; Oregon Transcontinental. $500;
Reading. 81. 400; ST. Paul. is, 400; Texas Pacific.
R.O30; Union Pacific, 1866; Western Union,
74,O27.
The stock market to-day was more active, the
shears" again taking the aggressive. with the re-
suit that everything on the list is materially
lower tonight. There was nothing doing for
Foreign account, and the buying was scattering
and Ineffective while the attacks upon values
were concentrated and well executed. There
was almost total absence of support and
though prices rallied when the pressure was re-
moved IL was in feeble and listless manner.
The heaviest upward movement was made just
after the announcement of the heavy accept
lnce of bonds by the Treasury, but another drive
Mt the market quickly wiped out such gains as
heavy realization in Western Union
early in the day, and the bears" improved the
opportunity to break the stock and it became
the prominent feature of the dealings. Later,
however, more attention was given to the coal
stocks. aud jersey Central and Reading were
specially weak. while the total sales
mp above those of Western Union. There was
some activity in St. Paul. Richmond 81 West
Point and Missouri Pacific but their move
mants we're entirely subordinate to those of the
Manitoba
other sharp decline, but the inactive stocks as
rule. showed very little feature The opening
was very weak and moderately active, the losses
Srom yesterdays figures ranging up to 1 per
cent in Jersey Central Decided weakness was
shown in the early dealings and under the lead
of Western Union prices were depressed from
IL ger in the first fifteen
minutes. A partial rally followed. and
the market continued alternately active and
weak and dull, from a specially heavy drive be-
.nz made after IL o'clock, which was followed
by the strongest rally of the day at o'clock
The bears" however. raided the list in the last
half hour, and the lowest prices were generally
reached at or near the close which was fairly
active and weak All the active stocks are
lower. and Jersey Central is down to q; Read
ing and Western Union, q; Lackawanna, 3;
Manitoba, 2; New England and Northern Pa
cihc preferred. II; Delaware 81 Hudson. !;
Norfolk g. Western prererred, II; Louisville
e. Nashville, Missouri Poetic and Wheeling d
Lake Erie. per cent.
The railroad bond m arket was dull throughout
the day. the only feature being Detroit. Mack
mac & Marquette land grants. which declined
D points to 30, only n small fraction of which
was recovered; sales. 1856. 900. The general list
was weak almost throughout, and final quota
tions show material declines. Baltimore 81 Ohio
fves lost 81, to 1851: Chesapeake q Ohio cur
rency skies, 3, to Is; St Paul, c. & NJ sevens, to
1854; Hooking Valley consols, 4, to 674; Detroit
Mackinac s. Marquette land grants, 81, to 3l3;
Houston & Texas general certificates, 6, at 90;
Indiana, Bloomington & Western first certif-
Gates, q at sS; Texas Pacific income receipts,
b. at All Manitoba seconds 2. TO 115t; St.
Louis, Arkansas g. Texas seconds. Al, at 40,
and Reading income sevens, 81, at 704.
Government bonds were dull and heavy
State bonds were dull and featureless Closing
Ouototions were: